National Toll Free No1800 425 00 000
 
National Toll Free No1800 425 00 000

SHG Bank Linkage Programme – Direct Linkage to SHGs

SHG Bank Linkage Programme – Direct Linkage to SHGs

Purpose / Objective

  • To provide thrift, credit and other financial services to the poor in all areas enabling them to raise their income levels and standard of living.

Eligibility

  • Self Help Groups(SHGs)

Amount of Loan

1st linkage Up to 4 times of savings of the group with a maximum of Rs.1.00 lakh
2nd linkage Up to 8 times of savings of the group, subject to a ceiling of Rs.3.00 lakh.
3rd linkage Up to a maximum of 10 times of savings of the group, subject to a ceiling of Rs.5.00 lakh.
4th linkage Up to a maximum of 10 times of savings of the group, subject to a ceiling of Rs.7.50 lakh.
5th linkage Up to a maximum of 10 times of savings of the group, subject to a ceiling of Rs.10.00 lakh.

Interest Rates

  • Please refer the Lending Rates link on home page in our Bank`s Website.

Repayment

  • Maximum 60 months depending upon the activity.

Security

  • Hypothecation of assets wherever created.
* BPLR and BASE RATE – Available in Home Page

( Last modified on Apr 02, 2019 at 01:04:14 PM )